Ethereum’s price fell nearly 10% in a sharp pullback, marking one of its steepest declines in recent months as investors cashed out over $2.5 billion in profits. The downturn comes after a period of sustained growth that had propelled the cryptocurrency to multi-month highs, fueling profit-taking amid broader market volatility.
The sell-off highlights shifting investor sentiment as traders reevaluate their positions amid fluctuating macroeconomic conditions and tightening liquidity. Analysts suggest the recent downturn could be a temporary correction, driven by large profit-taking activity rather than fundamental changes to Ethereum’s long-term outlook. Despite the decline, Ethereum remains one of the most heavily traded cryptocurrencies, reflecting continued market interest and activity.
